Cryptocurrency: Strong boom in the crypto market after stock market, strong rise in bitcoin

Posted on 18th Jul 2022 06:25 pm by rohit kumar

Bitcoin Jumps High: The brakes have been put on the continuous decline in bitcoin. Bitcoin is trading at a one-month high of $22,000 on improving international market sentiment and investor buying. This is the first time since June 8, 2022, that bitcoin is trading at this level. Currently, bitcoin is trading at $ 22,418 with a jump of 8 percent. While Ethereum is trading at a five-week high of $1,487 with a jump of 11 percent.

 

Other cryptocurrencies are also seeing a rise in Monday's trading session. Avalanche and Polygon are trading with double-digit momentum. After a big drop in June, the month of July has brought relief for crypto investors. Due to the rise in all cryptocurrencies, the crypto market volume is trading above $75 billion with an increase of about 12 percent in the last 24 hours. Stock markets around the world are booming. Asian, to European stock markets, are trading in the green mark, due to which the cryptocurrency market is also seeing a boom.

 

Ether has gained 45 percent in July, so Polygon has doubled from its level. However, whether it is the stock market around the world or the crypto market, all eyes are on the Federal Reserve after the US inflation data reached the highest level in 41 years. It is believed that the Federal Reserve can make interest rates expensive by one percent. Due to this fear, investors are selling the stock market and cryptocurrencies.

 

Also Read: Income Tax Return 2022: Keep this in mind while filing an income tax return, otherwise there may be a big loss

Other news

Shibu Soren: 'Shibu Soren was a strong voice of the poor and tribals, ' PM Modi said on the death of JMM founder

Former Jharkhand CM Shibu Soren passed away on Monday morning. Shibu Soren breathed his last at S

'India had great players, we had children with two teeth; Former Pakistan captain made a shocking disclosure

Controversy is going on regarding the match between India and Pakistan in Asia Cup 2023. At the s

Bhagwat said - We all have the same ancestors: Our DNA is one for 40 thousand years, people think that the Sangh is a paramilitary organization, but it is not so

Rashtriya Swayam Sangh chief Mohan Bhagwat has said that we all have the same ancestors. Today's

Petrol Diesel Price Today: Oil companies have released the prices of petrol and diesel, know how much the prices are in your city

Petrol Diesel Price: Oil companies have released the prices of petrol and diesel for today. Today

'If any Imam comes to the village, immediately call the police station, Assam CM issued strict guidelines

Assam CM Himanta Biswa Sarma issued strict guidelines (SoP) regarding Imams on Monday. He said th

125% tariff on China, 90 days grace period for these countries including India; Why is Trump's attitude changing?

US President Donald Trump made a prominent announcement on Wednesday and announced to stop the im

150 countries have resolved to reduce methane gas emissions, and China and India are currently away from this global initiative.

More than 150 countries have signed the pledge to reduce the emission of methane gas. More than 5

Vistara Issue: 70 Vistara flights may be canceled today, and 160 flights delayed since the last day; Know the reason

Many flights of Vistara Airlines have been canceled again today. According to media reports, the

Salman Khan: Lapse in Salman's security, two unknown persons entered his house in two days; Guards caught them and handed them over to police

A big lapse has come to light in the security of Bollywood superstar Salman Khan. Within two days

China Covid: Chinese government on backfoot after protests, Corona rules relaxed

China Covid: Chinese government on backfoot after protests, people are angry against zero covid p